History of Levant

From The Mines of Cornwall and Devon, Statistics and Observations. Thomas Spargo 1865

LEVANT, in the parish of St. Just, Cornwall, in 160 shares. The Purser is Mr. Henry Borrow, Truro. The Managers, Captain James Evans, Illogan, and Captain John Nicholas, on the mine. Rocks, granite slate and greenstone. Persons employed 245 — viz., men 180, females 17, boys 48. Landowners, Mr. Robyns's executors one moiety, Messrs. Trezise and partners the other moiety of the land. The dues for the part under the sea go to the Crown. Depth of adit 30 fathoms, under adit 254 fathoms. Commenced working in 1820. Total dividends paid £1,091 per share. Money expended £2 10s. per share. Pumping-engine, 40-inch cylinder. Stamping-engine, 36-inch cylinder. Winding-engine, 27-inch cylinder. Crushing-engine, 18-inch cylinder. Man-engine 24- inch cylinder.

Minerals Sold in 1863

Tons

cwt.

qrs.

lbs.

£

s.

d.

Copper ore

846

17

2

0 ...

for ...

£4,197

9

7

Black tin

206

11

3

16

£12,231

8

2

£16,428

17

9

This mine has been one of the great prizes amongst the Cornish list of mines. On an outlay of £2 10s. per share, the Shareholders have received £1,091 per share. When the price of tin moves up but a small degree, dividends, now in abeyance, will be re sumed. Every person who invested money in this mine has received it back 440 times over in 44 years, or 10 times the amount of his investment every year. If persons who are in the habit of expressing their doubts upon the legitimacy of mining and miners were confronted with such palpable arguments as these, it would probably alter their minds, and cause them to confess that mining after all is not such a bad investment.